India Business Week - A quick heads up on the week ahead

Nifty BSE | NSE 01/06/12 Are Mutual Funds betting on Nifty?

On CNBC-TV18's show India Business Week we give you a quick heads up on what to expect from the week ahead on markets, fuel prices, 3G auction, Budget expectations and commodities.

 

1) Markets end the week on a high. Nifty up 1.5%. sensex up 1.7%. The Budget will decide the road ahead:

Frontline indices were back to their winning ways.. After being locked in a tight range for most of the week, the indices posted a spectacular rally on Friday to close firmly in the green. The Nifty gained 1.5% to close above the 4,300 mark, while the Sensex added close to 1.7% and ended the week at 14,764. The broader indices outperformed - with gains of between 3 & 4% each. CNBC-TV18's Anuj Singhal gives us a quick heads up of the triggers markets will watch for in the week ahead.

2) The government may begin the process of deregulating oil prices. A final decision could be taken along with a fuel price hike soon:

Government sources say that petrol and diesel prices will be deregulated soon.. The announcement could coincide with a fuel price hike. But sources add that the full burden of prices will not be passed on to the consumers. CNBC-TV18's correspondent Swati Khandelwal gives us some exclusive details.

3) 3G auction:

The 3G auction can potentially give the government a 30,000 crore boost - but the it is still being riddled with delays.. CNBC-TV18 learns that the department of telecom is now hoping to conduct the auctions in end of September - but that too depends of whether they get the approval of the Empowered Group of Ministers (EGoM) by the first of July. Our senior editor Siddharth Zarabi gives us

4)More on Budget and Budget expectations:

The government may not abolish the securities transaction tax in the forthcoming budget, but sources in the finance ministry have told cnbc-tv18 that the budget may unveil a roadmap for the abolition of the STT over a period of one to two years.  Abhijit Neogy of CNBC-TV18 joins us with the details..

We also learned that the Government is unlikely to review small savings rates. Abhijit Neogy has more information on that.

5)For more on the expectations from the budget:

For more expectations on the Budget on India Business Week we have with R Sukumar, the Editor of Mint. For an exclusive interview with him please click on attached videos.

6)Action on Wall Street:

The Dow Jones posted its  second straight week of losses, this as investors shrugged off a slew of positive economic data and instead focused on the fact that consumers are saving more that they did in the last 15 years.

For the week, the Dow closed over a 1% lower at 8,438, while the S&P closed flat. Nasdaq however closed marginally in the green buoyed by better than expected results from technology bellwethers.

7)Action on Commodities:

Even as the sell off in the equity markets proved to a dampener, crude managed to close the week near the 70 dollar mark. Our Commodities Editor Manisha Gupta gives us a quick heads up on what to expect next week.

 

For the entire show watch videos...